This is the salary needed to buy a typical house in Boston

HSH.com, a mortgage and consumer loan site, looked at median home prices and mortgages in cities around the U.S. and found the average salary you need to make to live in each.

HSH.com, a mortgage and consumer loan site, looked at median home prices and mortgages in cities around the U.S. and found the average salary you need to make to live in each. Reuters / Brian Snyder

By Megan Turchi

December 1, 2015

In a new report, HSH.com, a mortgage and consumer loan site, looked at 27 metro areas in the third quarter of 2015 and found the minimum salary you would need to afford the loan principal and interest, the taxes, and the insurance payments on a median-priced home.

In the Boston metro, you need to earn $92,796.90 to afford the mortgage on a home with the median price of $449,000, according to HSH’s findings. The average monthly payment – assuming a 20 percent down payment and an interest rate of 4.03 percent for a 30-year, fixed rate mortgage – would be $2,165.26.

With a salary of $92,796.90, the monthly payment of $2,165.25 would eat up 28 percent of your income – the level HSH has deemed as affordable for this analysis. Other studies have considered it reasonably affordable to spend up to 31 percent of your income on housing, which would reduce your necessary salary to about $84,800.

HSH.com mentions that if you can’t afford a 20 percent down payment of $90,000, your necessary salary increases significantly. If you only put 10 percent down, the necessary salary increases by $15,570 because your mortgage rates will be higher.

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Neighborhoods where homes sellers get more money than they asked for:

Neighborhood where home sellers get more than they asked for

1. Central Square, Cambridge. Average sale-to-list ratio: 114 percent. Median home price in August: $660,000. Photo by Dina Rudick / Globe Staff. *Dina Rudick / Globe Staff*

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2. Franklin Field South, Boston. Average sale-to-list ratio: 113.6 percent. Median home price in August: $278,775. Photo by Sean Proctor / Globe Staff. *Sean Proctor / Globe Staff*

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3.Cambridgeport, Cambridge. Average sale-to-list ratio: 111.6 percent. Median home price in August: $825,000. Photo by Pat Greenhouse / Globe Staff. *Pat Greenhouse / Globe Staf*

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4. West Cambridge, Cambridge. Average sale-to-list ratio: 108.2 percent. Median home price in August: $975,000. Photo by Aram Boghosian for The Boston Globe. *Aram Boghosian for The Boston Globe*

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5. Hyde Square, Jamaica Plain. Average sale-to-list ratio: 107.1 percent. Median home price in August: $440,000. Photo by Suzanne Kreiter / Globe staff. *Suzanne Kreiter / Globe staff.*

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6.Industrial Park, South Boston. Average sale-to-list ratio: 106.9 percent. Median home price in August: $576,000. Photo by David L Ryan / Globe Staff Photo. *David L. Ryan/Globe Staff*

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7. Bellevue Hill, West Roxbury. Average sale-to-list ratio: 106.5 percent. Median home price in August: $670,300. Photo by Kayana Szymczak for the Boston Globe. *Kayana Szymczak for the Boston Globe*

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8. Harvard Square, Cambridge. Average sale-to-list ratio: 106.4 percent. Median home price in August: $798,806. Photo by Craig F. Walker / Globe Staff. *Craig F. Walker / Globe Staff*

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9. Riverside, Cambridge. Average sale-to-list ratio: 104.9 percent. Median home price in August: $430,000. Photo by Pat Greenhouse / Globe Staff. *Pat Greenhouse / Globe Staff*

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Egmont Tenants, Brookline. Average sale-to-list ratio: 104.3 percent. Median home price: $815,000. *Picasa 3.0*

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Boston falls behind only three California metros in having the highest salary needed to afford the median home price: San Francisco, Los Angeles, and San Diego.

Boston even has a slightly higher necessary salary than New York City, which requires $91,497.39 to cover the payments the median $410,500 home, and Washington, D.C., which requires $81,873.73 for the median $388,600 home.

Nationally, the median home price is $229,000, which would require $52,420.76 to make all the payments.

Boston had the second-highest increase in necessary salary from the second to third quarter of the year, at just over 12 percent. Los Angeles had the highest quarter-to-quarter increase at 14 percent.